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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Cash flows from (used in) operating activities:    
Net income $ 166.1 $ 143.4
Less: Loss from discontinued operations, net of tax (1.2) (1.9)
Income from continuing operations 167.3 145.3
Adjustments to reconcile income from continuing operations to net cash from operating activities:    
Special charges, net 0.2 0.9
(Gain) loss on change in fair value of equity security (4.5) 4.2
Loss on amendment/refinancing of senior credit agreement 1.5 0.0
Amortization of compensation expense related to acquisition (Refer to Note 3) 17.4 0.0
Deferred and other income taxes 14.8 (5.5)
Depreciation and amortization 91.9 67.9
Pension and other employee benefits 12.1 9.8
Long-term incentive compensation 11.8 11.0
Other, net (0.4) (4.2)
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:    
Accounts receivable and other assets (94.9) (44.2)
Contribution related to employee retention agreements from acquisition (Refer to Note 3) (46.5) 0.0
Inventories (26.1) (14.1)
Accounts payable, accrued expenses and other (3.2) (23.8)
Cash spending on restructuring actions (1.6) (0.9)
Net cash from continuing operations 139.8 146.4
Net cash used in discontinued operations (1.7) (27.0)
Net cash from operating activities 138.1 119.4
Cash flows from (used in) investing activities:    
Proceeds/borrowings (repayments) related to company-owned life insurance policies, net (30.3) 42.9
Business acquisitions, net of cash acquired (445.3) (292.0)
Capital expenditures (23.6) (28.2)
Net cash used in continuing operations (499.2) (277.3)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (499.2) (277.3)
Cash flows from (used in) financing activities:    
Borrowings under senior credit facilities 978.0 610.2
Repayments under senior credit facilities (1,082.6) (462.0)
Borrowings under trade receivables arrangement 280.0 217.0
Repayments under trade receivables arrangement (289.0) (186.0)
Net borrowings (repayments) under other financing arrangements 0.1 (0.8)
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options (8.3) 1.1
Proceeds of issuance of common stock in underwritten public offering, net of offering costs of $23.9 551.1 0.0
Financing fees paid (4.7) (2.6)
Net cash from continuing operations 424.6 176.9
Net cash from (used in) discontinued operations 0.0 0.0
Net cash from financing activities 424.6 176.9
Change in cash and equivalents due to changes in foreign currency exchange rates 6.5 5.5
Net change in cash and equivalents 70.0 24.5
Consolidated cash and equivalents, beginning of period 161.4 104.9
Consolidated cash and equivalents, end of period $ 231.4 $ 129.4